Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: t2 who wrote (10201)	12/4/2001 12:05:02 AM
From: LTK007	Read Replies (1) of 99280

NV<Sooner or later, it has to fail big time, imho....the odds get higher of this happening as overall short interest hits record after record almost every month.> the ONLY way it can fail bigtime is for the stockmarket to return to unbelievably insane evaluations--in fact more insane than those hit in 2000.You fail to recognize that in the first massive run-up it was charging into the area of ZERO overhang,thus there was no resistance and the mania was thus on a greased track.NV you now have massive levels of resistance within a struggling economy,even with the massive greasing of the track Greenspan has provided their will be a hard ceiling ahead in which a massive recoil will occur if this rally does not retract now. The one mirage number ahead that may give the bulls some impetus is the fact of the money losing auto giveaway could well allow a the 4thquarter GDP to be plus side--and that would actually be a buyers trap. i will repeat my contention the panic fire sale by the auto industry will have a serious backlash that will show in 1st quarter of 2002,imo.Max

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